yeah cause spending your sats has proven profitable over the long term?
face it, BTC is gold.
Discussion
Yes, it’s profitable if enough people start demanding bitcoin as money. Increased demand for money works the same way as increased demand for any market good. NGU. If Gold was used as money today and in the past 30 years, its price would probably be north of 30k per ounce. When you understand this, suddenly all that talk about Bitcoin being a competitor for Gold and not USD starts to make sense from statists/bankers point of view.
https://primal.net/e/nevent1qqsxyredsavef0t269lalf44zvhwlu02tj9pqapkxhltv7xl266jf5su8rgr2
"Bitcoin being a competitor for Gold"
not in a billion years chief. Gold will ALWAYS edge bitcoin. Always.
Bitcoin is not an peer to peer electronic cash system anymore. It's a buy and hold ponzi scheme.
Ah, a brain dead Monero shill. HFSP
Or even worse - a Bcash saltcoiner.
The only reason either Bitcoin or gold have value is because of their potential to to be used as good money based on their properties. Simply having the ability to buy and/or hold something with a limited or fixed supply doesn't make it something deserving of value. While you're certainly free to lock up supply while waiting for the rails to get built out as a way to accumulate value, Bitcoin is only getting more valuable because some people are, or will, use it as money to transact in.